We offer homeowners insurance, condo insurance, and we can educate you on wind mitigation features. Whether your property is individually owned, an investment property or owned by a trust we can help you and offer fast (same day) turnaround.
It is important to know a bit of insurance history. When Hurricane Andrew hit in 1992 all major national insurance companies sustained catastrophic losses. That prompted a mass exodus from Florida leaving smaller companies to fill the void.
Hurricane Andrew and the devastation that followed encouraged the restructuring of the Florida homeowner’s insurance system and the creation of The Florida Insurance Guaranty Association.
As a result of the restructuring, all Florida domiciled Insurance Companies are backed by the State of Florida.
Here is a link to The Florida Insurance Guaranty Association.
You will find that insurance in Florida is not like other states. Depending on the home, insurance can be a significant part of the budget. Having an experienced agent can make all the difference.
In 2007 the state of Florida developed wind mitigation reports which are utilized for both condominium and single family home structures. This means that a specialist can come to your home to take pictures and document certain building attributes such as:
- Roof Shape
- Age of Roof
- Roof Deck Attachment
- Roof to Wall Attachment
- Opening Protection
The older your home, the larger this will impact your insurance premium. It is extremely important to get one done if you have not done this to date. Please call us if you need help getting this information. We can get someone to you quickly.
Single Family Insurance
Whether you are purchasing new or an existing home, we can help. If you already have coverage, we can review your policy at no charge. If you are closing on a house we have the ability to work fast to get you coverage for same day closing. Just call us and we can get the information you will need to your mortgage company quickly and efficiently.
Condo Insurance is necessary if you purchase a condominium. There is lots of confusion on the topic. Condominium associations and individuals share responsibility or insuring the building. The association insures the structure and the owner insures the interior. As a general rule everything you see would not be insured by the association’s policy. You are insuring from the paint in. The association is the drywall out.
There are many variable to consider. For instance, if your AC unit breaks it’s your responsibility to get it fixed. If it is struck by lightning it is the responsibility of your association.
Please call to discuss. 239-948-5500
It is important to cover your belongings as these can be worth many thousands of dollars. Call us or come in and we can help evaluate what kind of coverage you need.
Important questions to ask:
- Do I have a wind mitigation (if built before 2003)?
- Is my screened cage covered?
- Is the replacement cost calculated properly?
When purchasing a new home or condo, keep in mind that insurance amounts can vary significantly. Things that will affect your insurance amount on a home include:
- Roof shape
- Building material
- Distance from fire hydrant
- Age of home
- Proximity to the beach
- Age of roof
- Seasonal or permanent residency
- Rental or residence
- Past claim experience